STOCK TITAN

byNordic Acquisition Corporation - BYNOW STOCK NEWS

Welcome to our dedicated page for byNordic Acquisition Corporation news (Ticker: BYNOW), a resource for investors and traders seeking the latest updates and insights on byNordic Acquisition Corporation stock.

byNordic Acquisition Corp is a blank check company based in New York, NY. Led by Chief Executive Officer Michael Hermansson, the company is a special purpose acquisition company formed to enter into business combinations with high technology growth companies in northern Europe. The company recently announced an extension of the period to complete a business combination, with $105,000 deposited into the Trust Account to extend the deadline to July 12, 2024.

Rhea-AI Summary

byNordic Acquisition (NASDAQ: BYNO) has extended its deadline to complete a business combination by one month, from July 12, 2024, to August 12, 2024. This marks the sixth and final one-month extension allowed under the company's amended certificate of incorporation, which was updated on August 10, 2023. The company has deposited $105,000 into its trust account to facilitate this extension. No additional stockholder vote was required for this extension.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

byNordic Acquisition (NASDAQ: BYNO) announced on June 10, 2024, that it has extended the deadline to complete its business combination. The extension is for an additional month, from June 12, 2024, to July 12, 2024, following a $105,000 deposit into the company's trust account. This marks the fifth of up to six possible one-month extensions, as per the amendment made on August 10, 2023. The board of directors has the discretion to extend the termination date without another stockholder vote until August 12, 2024, or until the business combination is completed.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
-
Rhea-AI Summary

byNordic Acquisition (NASDAQ: BYNO) has extended the deadline to complete a business combination by depositing $105,000 into the Trust Account, allowing an additional one-month period until June 12, 2024. This marks the fourth extension out of a possible six permitted under the August 10, 2023 amendment, giving flexibility to the board of directors until August 12, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
Rhea-AI Summary
byNordic Acquisition extends the deadline to complete a business combination by depositing $105,000 into the Trust Account, allowing for an additional one-month period until May 12, 2024. This marks the third extension out of a possible six, as per the Company's amended Certificate of Incorporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
byNordic Acquisition Corporation (NASDAQ: BYNO) extends the period for completing a business combination by depositing $105,000 into the Trust Account, allowing an additional one-month extension. The Company can opt for up to six extensions until August 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
-
Rhea-AI Summary
byNordic Acquisition Corporation (NASDAQ: BYNO) extends the time to complete a business combination by depositing $105,000 into the Trust Account, allowing for a one-month extension until March 12, 2024. This marks the first of up to six permitted extensions, providing flexibility until August 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
-
Rhea-AI Summary
byNordic Acquisition Corporation (NASDAQ: BYNO) announced actions in anticipation of a special meeting of stockholders. The proposal is to extend the date for consummating an initial business combination from August 11, 2023, to February 12, 2024. The Company's sponsor, Water byNordic AB, will deposit into the trust account $600,000 or $0.18 per share of publicly held Class A common stock not redeemed. If the date is extended beyond February 12, 2024, the sponsor will deposit $100,000 or $0.03 per outstanding public share for each additional month. The contributions will be repayable upon the consummation of an initial business combination.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

What is byNordic Acquisition Corp?

byNordic Acquisition Corp is a blank check company formed to enter into business combinations with high technology growth companies in northern Europe.

Who leads byNordic Acquisition Corp?

Chief Executive Officer Michael Hermansson leads byNordic Acquisition Corp.

What recent announcement did byNordic Acquisition Corp make?

byNordic Acquisition Corp recently extended the deadline to complete a business combination by depositing $105,000 into the Trust Account.

What is the purpose of the Trust Account for byNordic Acquisition Corp?

The Trust Account is used to extend the time period for completing a business combination.

Where is byNordic Acquisition Corp based?

byNordic Acquisition Corp is based in New York, NY.

What is the focus of byNordic Acquisition Corp's business combinations?

The company focuses on high technology growth companies in northern Europe for its business combinations.

How many one-month extensions are permitted for byNordic Acquisition Corp?

Up to six one-month extensions are permitted for byNordic Acquisition Corp to extend the termination date.

When is the current deadline for completing a business combination for byNordic Acquisition Corp?

The current deadline for completing a business combination is July 12, 2024.

What is the role of Chief Executive Officer Michael Hermansson at byNordic Acquisition Corp?

Michael Hermansson leads byNordic Acquisition Corp as the Chief Executive Officer.

How can I contact byNordic Acquisition Corp for more information?

For more information, you can contact Michael Hermansson at +46 707 294100 or email ir@bynordic.se.

byNordic Acquisition Corporation

Nasdaq:BYNOW

BYNOW Rankings

BYNOW Stock Data

3.59M
Shell Companies
Financial Services
Link
United States of America
MALMO